The Board of Directors (the “Board”) of PJSC Polyus (MOEX — PLZL) (“Polyus”, or the “Company”) on March 10, 2025 made a decision to recommend shareholders to approve the dividend payment based on the results of 2024 in the amount of RUB730 per ordinary share, which corresponds to RUB73 after completion of the Company's ordinary stock split with a 10-for-1 ratio.
The proposed dividend means that the total amount of payments based on the current number of outstanding shares (excluding shares held by the Company's subsidiaries) could amount to 30% of the Company`s adjusted EBITDA for 4Q 2024, which is in line with Polyus' dividend policy.
The Board also recommended setting the record date for persons entitled to dividends declared for 4Q 2024 on 25 April 2025.
The recommended dividend amount and dividend record date is subject to approval by the Company’s Annual General Meeting of Shareholders to be held on 14 April 2025.
Polyus
Polyus is the fourth largest gold producer in the world in terms of production and has one of the world's largest gold reserves. The Company has the lowest production costs among major global gold producers. Its principal operations are located in Siberia and the Russian Far East: Krasnoyarsk, Irkutsk and Magadan regions and the Republic of Sakha (Yakutia).
Investors and Media
Capital Markets Department
+7 (495) 641 33 77
IR@polyus.com
Forward-looking statements
This announcement may contain “forward-looking statements” concerning Polyus and/or Polyus group. Generally, the words “will”, “may”, “should”, “could”, “would”, “can”, “continue”, “opportunity”, “believes”, “expects”, “intends”, “anticipates”, “estimates” or similar expressions identify forward-looking statements. The forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Forward-looking statements include statements relating to future capital expenditures and business and management strategies and the expansion and growth of Polyus’ and/or Polyus group’s operations. Many of these risks and uncertainties relate to factors that are beyond Polyus’ and/or Polyus group’s ability to control or estimate precisely and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Polyus and/or any Polyus group company assumes no obligation in respect of, and does not intend to update, these forward-looking statements, except as required pursuant to applicable law.